Correlation
The correlation between DXNLX and SPY is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
DXNLX vs. SPY
Compare and contrast key facts about Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX) and SPDR S&P 500 ETF (SPY).
DXNLX is managed by Direxion. It was launched on Mar 31, 2016. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DXNLX or SPY.
Performance
DXNLX vs. SPY - Performance Comparison
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Key characteristics
DXNLX:
0.49
SPY:
0.70
DXNLX:
0.80
SPY:
1.02
DXNLX:
1.11
SPY:
1.15
DXNLX:
0.47
SPY:
0.68
DXNLX:
1.47
SPY:
2.57
DXNLX:
9.00%
SPY:
4.93%
DXNLX:
32.40%
SPY:
20.42%
DXNLX:
-43.78%
SPY:
-55.19%
DXNLX:
-5.69%
SPY:
-3.55%
Returns By Period
In the year-to-date period, DXNLX achieves a 0.49% return, which is significantly lower than SPY's 0.87% return.
DXNLX
0.49%
9.53%
0.75%
15.85%
21.03%
19.34%
N/A
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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DXNLX vs. SPY - Expense Ratio Comparison
DXNLX has a 1.19% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
DXNLX vs. SPY — Risk-Adjusted Performance Rank
DXNLX
SPY
DXNLX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX) and SPDR S&P 500 ETF (SPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
DXNLX vs. SPY - Dividend Comparison
DXNLX's dividend yield for the trailing twelve months is around 2.81%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXNLX Direxion Monthly NASDAQ-100 Bull 1.25X Fund | 2.81% | 0.17% | 0.00% | 0.00% | 7.43% | 12.20% | 63.94% | 8.79% | 7.52% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
DXNLX vs. SPY - Drawdown Comparison
The maximum DXNLX drawdown since its inception was -43.78%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for DXNLX and SPY.
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Volatility
DXNLX vs. SPY - Volatility Comparison
Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX) has a higher volatility of 6.91% compared to SPDR S&P 500 ETF (SPY) at 4.86%. This indicates that DXNLX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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